UBS has brought Sergio Ermotti back as chief executive to steer its takeover of Credit Suisse.
Ermotti, who was chief executive for nine years before stepping down in 2020, will replace Ralph Hamers, UBS said on Wednesday. Hamers will remain as an adviser during a transition period, the Swiss bank said.
UBS said it acted “in light of the new challenges and priorities facing UBS after the announcement of the acquisition” and cited Ermotti’s previous experience including a…
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